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A rare opportunity to invest in Lancaster City's thriving rental market. This offering includes two nearly adjacent, recently renovated buildings totaling 15 income-producing units "” 3 self-contained apartments plus 12 licensed rooming units with shared kitchens and baths. Fully occupied and professionally managed, this turn-key asset carries all licensing already in place for its current use, positioning it in one of Lancaster's highest-demand housing segments: attainable, affordable rentals. Comprehensive 2025 renovations minimize near-term capital expenditures. Priced to reflect an 8% cap rate on realistic operating expenses (including management and maintenance), this is a stabilized, cash-flowing asset ready to add to your portfolio "” available together or as two individual properties. Solid brick construction, public water/sewer, and on-site parking round out the offering. Don't miss the opportunity!
| DAYS ON MARKET | 0 | LAST UPDATED | 11/13/2026 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Lancaster City (10533) |
| COUNTY | LANCASTER | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | SCHOOL DISTRICT OF LANCASTER |
|---|---|
| Elementary School | BURROWES |
| Jr. High School | LINCOLN M.S. |
| High School | MCCASKEY H.S. |
| PRICE HISTORY | |
| Prior to Nov 13, '26 | $849,000 |
|---|---|
| Nov 13, '26 - Today | $844,000 |
| ADDITIONAL DETAILS | |
| AIR | Electric, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Lancaster City (10533) |
| CONSTRUCTION | Brick |
| HEAT | Hot Water, Natural Gas, Radiant |
| LOT | 5227 sq ft |
| LOT DESCRIPTION | Back Yard, Level |
| PARKING | On Street, Parking Lot |
| SEWER | Public Sewer |
| TAXES | 10537 |
| UTILITIES | Natural Gas Available, Sewer Available, Water Available, Electricity Available |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
| ZONING | 517 Tourist/Rooming House |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Astoria Realty Advisors LLC
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